Hello Traders and Investors,
I am back with my new idea
This is USDCAD monthly timeframe chart.
There are two cycles forming up of Impulse phase. In which the third wave is extensive. By 5th wave, there is one more wave cycle of impulse phase forming from 1 to 5.
In the last cycle, 3rd wave has been formed and 4th wave is going to be formed. In the 4th wave, there is a triangle which is expanding as it goes further. It is the expanding triangle.
In this expanding triangle, A, B, C and D are formed and E is going to be formed. In this triangle there are three sub waves.
In the wave E, wave A is formed, B and C are yet to be formed. By which E will be totally completed. The E wave gets done, 4th wave will be formed and 5th wave will start to ride.
I am back with my new idea
This is USDCAD monthly timeframe chart.
There are two cycles forming up of Impulse phase. In which the third wave is extensive. By 5th wave, there is one more wave cycle of impulse phase forming from 1 to 5.
In the last cycle, 3rd wave has been formed and 4th wave is going to be formed. In the 4th wave, there is a triangle which is expanding as it goes further. It is the expanding triangle.